Abstract
Reduced Incurring Costs to Offset Barriers of High Initial Cost of BAS Installation in the North American Healthcare Industry
The prospects for the building automation systems (BAS) market in the North American healthcare industry look bright as real estate investment trusts and other well-financed corporate bodies have gradually started replacing conservative managers and building owners. Healthcare facility managers recognize the importance of managing building information to achieve higher returns on investment through energy-saving initiatives. While the initial costs are prohibitive in hospitals and nursing homes, lowered energy and operational costs are providing justification for the installation of BAS in these facilities. In pharmaceuticals warehouses, hospitals, and nursing homes, these systems assist building engineers by providing them with complete control of the facility parameters such as air conditioning, ventilation, lighting and maintenance needs. BAS controls are also likely to become very popular for improving indoor air quality in pharmaceutical companies that have odor problems and have to comply with the standards for healthcare buildings.
This Frost & Sullivan research service provides an overview of the North American BAS controls market in the healthcare industry. It includes in-depth discussion on market drivers, restraints, and industry challenges and also provides information on growth trends, competitive structure, and market opportunities. It enables companies to align their positioning strategies to benefit from the changing market and obtain maximum return on investment.
High ROI from BAS-equipped Healthcare Facilities Encourage Growth of BAS Controls in the Healthcare Industry
The ROI from healthcare facilities with BAS is far greater than those from buildings that do not use these systems. Integrated BAS provides financial benefits not only by reducing the daily energy and incurring costs but also by substantially increasing the buildings resale value. Building owners are willing to invest considerably on the latest technology in BAS, anticipating larger returns when they sell their buildings.
"During the lifetime of the BAS, this expenditure becomes an asset," says the analyst of this research service. "When the building is sold after the lifecycle cost of the BAS has been met, the capital improvement adds directly to the owners bottom line." This encourages retrofit business in the BAS market.
Improving End-user Awareness about the Benefits of BAS and its Applications to Drive Market Growth
The administrative departments in healthcare facilities are sometimes reluctant to adopt BAS if the return on investment is not clearly defined. These end users have to be made aware of the immense benefits of BAS, which include lower energy, maintenance, repair, and replacement costs as well as greater patient comfort by optimizing the indoor environment. BAS operates in multiple systems and facilities, facilitates easier information sharing, and bridges geographical boundaries.
"Economic growth trends, a constant demand for lifestyle products, gradually rising healthcare expenditures, and healthcare outlays are boosting demand for healthcare facility automation," notes the analyst. "Both public and private sector healthcare providers are expected to lay increasing emphasis on cost containment, thereby driving sales of BAS."
Table of Contents
1 EXECUTIVE SUMMARY
- Market Overview and Definitions
- Overview
- Definitions
- Summary of Major Findings
- Market Forecasts and Opportunities
- Competitive Analysis
- Strategic Conclusions
2 TOTAL NORTH AMERICAN BAS CONTROLS MARKET IN HEALTHCARE INDUSTRY
- Market Overview and Definitions
- Market Overview
- Product Definition
- End-User Definition
- Definition of Revenues
- Market Engineering Measurements
- Market Dynamics
- Industry Challenges
- Market Drivers
- Market Restraints
- Market Forecasts
- Revenue Forecasts
- Unit Shipment Trends
- Pricing Trends
- Geographic Trends
- Distribution Channel Trends
- Demand Analysis
- Market and Technology Trends
- Competitive Analysis
- Competitive Structure
- Profiles of Top Companies in Building Automation Systems Controls Market
- Frost & Sullivan Awards
- Customer Service Innovation Award
- Product Line Strategy Leadership Award
3 NORTH AMERICAN HEALTHCARE INDUSTRY TRENDS
- Structure of North American Healthcare Industry
- Industry Segment
- Key Parameters
- Growth Determinants of Healthcare Industry
- Growth Determinants
- Impact of Economy on Growth Determinants
- Market Dynamics in Healthcare Industry
- Market Overview in Healthcare Industry
- Mergers and Acquisitions
- Construction Trends in Healthcare Industry
- Construction Trends of Hospitals in Healthcare Industry
- Construction Trends of Nursing homes in Healthcare Industry
- Road Map of Current Initiatives in Healthcare Industry
- Therapeutic Environment
- Life Cycle Cost and Adaptability
- Life-Expectancy Replacement and Standardization
- Risk Management Systems
- Government Policies and Regulations in Healthcare Industries
- Impact of Economic Policies on Healthcare Industry
- Regulations and Federal Outlays on Healthcare Industry
- Economic Indicators in Healthcare Industry
- National Healthcare Expenditure and Economic Indicators
- Foreign Direct Investment (FDI)
- Debt and Dollar Equation Impact for U.S. Economy
4 ECONOMETRICS
- DSD Tables
- New Construction
- United States Public Healthcare Expenditure
- United States Private Healthcare Expenditure
- Canada Public Healthcare Expenditure
- Canada Private Healthcare Expenditure
